The shares of Tesla (TSLA) are rising
after research firm Robert W. Baird raised its price target on the name, saying
that the company has multiple upcoming positive catalysts. The firm recommends
buying the stock. WHAT'S NEW: There's a great deal of skepticism about Tesla's
ability to launch its Model X vehicle next quarter, but it's a good bet that the
company will come through, Baird analyst Ben Kallo stated. Meanwhile, many doubt
Tesla's ability to generate revenue and profit from its energy storage offerings
and there is a significant amount of misinformation about its products in this
area, Kallo wrote. However, these naysayers will ultimately be proven wrong,
according to the analyst. Additionally, Tesla's overall demand outlook remains
strong and its cash burn is manageable, according to Kallo, who raised his price
target on the stock to $335 from $275 and kept a Buy rating on the name.

Dougherty & Company raises their TSLA tgt to $355
from $325 noting CEO Elon Musk asserted that it
is possible to power the entire world's energy needs by harnessing solar energy
and storing it. Co would provide the "storage," which has been the missing piece
of the solar puzzle. But how to value the opportunity? After speaking with a
dozen experts and companies in this space, as well as conducting a nationwide
survey of 30 solar panel installers, firm believes that co's entry into the grid
storage market disrupts it. Co's primary advantage is in offering a turn-key
solution, at scale and at favorable costs.